Amid softening of pulses prices, the Centre on Monday relaxed its stock limits for millers and wholesalers. Importers too have been given the exemption, however all these stakeholders will continue to declare stocks on the web portal of the Department of Consumer Affairs, official sources said.
Also stock limits will be applicable only on Tur, Urad, Gram and Masur varieties of pulses till October 31, 2021, a statement issued by the department said.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Now wholesalers will be able to maintain stock limit of up to 500 metric tonnes (provided there should not be more than 200 metric tonnes of one variety), for retailers, the stock limit will be 5 metric tonnes, and for millers the stock limits will be the last six months production or 50 per cent of annual installed capacity, whichever is higher, the statement said.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Official sources said that respective legal entities shall continue to declare their stocks on the department's portal, and in case the stocks held by them are higher than the prescribed limits, then they shall bring it to the prescribed stock limits within 30 days of issue of this notification.
The Government had imposed stock limits on pulses on July 2, 2021. Earlier on May 14, it had asked all stakeholders to declare their stocks on the department's website to prevent hoarding.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
